Vienna

Austrian stocks plummet to three-year low

Lehman Brothers' Vienna - Shares traded on the Vienna Stock Exchange fell to a three-year low Tuesday, continuing Monday's downward movement started by the news about US investor Lehman Brother's bankruptcy.

By 15:30 local time, the ATX, Vienna's main stock index, had lost 6.28 per cent of its value. The index fell below the mark of 3,000 points for the first time since June 2005.

Losses in Vienna were more pronounced than on Germany's DAX index, which was down 2.86 per cent in the afternoon, and the Euro Stoxx 50 index monitoring large European companies, which lost 3.44 per cent.

OPEC crude price drops 3.98 dollars Monday

OPEC crude price drops 3.98 dollars MondayVienna - The price for cru

New evidence, no progress on Iran nuclear allegations

New evidence, no progress on Iran nuclear allegationsVienna  - Iran is continuing to expand its uranium enrichment programme while obfuscating UN efforts to verify the nature of the country's nuclear ambitions, the International Atomic Energy Agency (IAEA) said on Monday.

IAEA Director General Mohamed ElBaradei also said that the agency had new information relating to past Iranian nuclear weapons-related studies, but had had no cooperation from the latter in clarifying their details.

Three airlines on shortlist for Austrian Airlines takeover

Three airlines on shortlist for Austrian Airlines takeover Vienna  - Lufthansa, Air France-KLM and the Russian carrier S7 will likely bid for the takeover of Austrian Airlines, several Austrian media reported Monday.

Austria's state holding company OeIAG is seeking to sell its 42.75- per-cent stake in the Austrian flag carrier by late October.

Sources close to the OeIAG's governing board told Austrian news agency APA that British Airways was no longer on the shortlist that is to be formalized on Tuesday.

No real progress in clearing Iran nuclear weapons charges - IAEA

IAEA, IranVienna- Iran has failed to provide information that would clear up allegations it was involved in nuclear weapons-related research, the International Atomic Energy Agency (IAEA) said Monday.

A report issued by the nuclear watchdog provided further indications that Iran's studies on high-explosives testing and missiles, which the IAEA says could have been related to weapons, were technically related and were conducted with foreign help.

Slight gain in OPEC crude price at end of week

OPEC Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (O

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